British Petroleum negotiates using Panamanian pipeline

British Petroleum is negotiating with Petroterminales of Panama to move crude oil from the Caribbean coast in Bocas del Toro to the Pacific area of Chiriqui using the pipeline.

Wednesday, November 19, 2008

Mauricio Ruiz of British Petroleum (BP) said yesterday that the project is very important for the company because they have had to make adjustments as the world supply and demand dynamic changes, since the oil for the refineries on the US east coast no longer come from Alaska but from Western Africa.

"Panama has a lot of storage capacity and our company sees this country as a petroleum hub which BP could use to supply its clients in Central America and South America," Ruiz said.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Tender for Oil Pipeline Operation

June 2018

In Guatemala, companies interested in operating and managing the Hydrocarbons Stationary Transport System are invited to present their offers on June 15.

Representatives from the Ministry of Energy and Mines (Mem) stated that the Qualification Committee, which will be appointed by an agreement, will be in charge of receiving technical-economic offers from 9:00 a.m.

BP ships oil through Trans-Panama Pipeline

February 2012

BP Products North America Inc. will ship some 100,000 barrels per day from east to west under agreement with Petroterminal de Panama (PTP). BP will provide oil to customers in the West Coast of the United States.

The press release of PennEnergy says,

BP Begins Shipping Crude Oil Along Trans-Panama Pipeline

$100 Million Expansion of Trans-Panama Pipeline

October 2009

Petroterminal de Panama awarded a contract in excess of $100 million to CB&I, to engineer, procure and construct the Phase 2 expansion of the Trans-Panama Pipeline facilities.

The work scope includes the design and construction of 5.4 million barrels of crude oil storage and the associated civil, mechanical and electrical work at PTP's terminal facilities in Chiriqui Grande on Panama's Atlantic coast, and Puerto Armuelles on the Pacific coast. CB&I, which built the original PTP storage tanks in the late 1970s, was awarded the EPC contract for Phase 1 of the expansion project in May 2008.

Refiner Tesoro in pact to use Panama oil pipeline

December 2008

Crude oil refiner Tesoro Corp announced an agreement with Petroterminal de Panama, allowing it to transport crude oil from the Atlantic region through Panama to its Pacific refineries.

PTP has announced a project that will reverse the flow of its 81-mile trans-Panamanian pipeline.

ok